Ghana to Pay off Outstanding Arrears of Government Contractors

(3 Minutes Read)

The government inherited contractor arrears amounting to GH¢67 billion and has committed to auditing and settling these obligations over four years.

The Auditor-General, Johnson Akuamoah Asiedu, is expected to present an interim audit report on outstanding contractor claims in the coming days, paving the way for the government to begin payments.

This development was disclosed during a meeting between Finance Minister, Dr Cassiel Ato Forson, and Ecobank Group CEO, Jeremy Awori.

The government inherited contractor arrears amounting to GH¢67 billion and has committed to auditing and settling these obligations over a four-year period.

An amount of GH¢13 billion has been allocated in the 2025 Budget to begin clearing the verified claims.Dr Forson emphasised the administration’s desire to avoid the accumulation of fresh arrears.

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He mentioned recent changes to the Public Financial Administration Act, which are meant to increase discipline and openness in public procurement and contract administration. Ecobank Ghana was urged to deepen its support for Ghana’s economic recovery efforts, particularly in private sector development and agriculture